New Iphones Draw Lines Around The World

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The newspaper publisher will make the payment to both its shareholder classes on Oct. 24 as part of a plan to reestablish a quarterly dividend, it said yesterday in a statement. The company had cash and short-term investments of $747 million at the end of last quarter, with debt of $694 million. The Ochs-Sulzberger family, which controls Times Co. through its Class B shares, has pressured the company to resume dividends that used to supply it with as much as $20 million annually. If the dividend remains at 4 cents a share, the familys 13 percent stake in the company would give it $774,163 each quarter, or $3.1 million annually from the dividends. Times Co. stopped paying its dividend five years ago as it coped with a decline in revenue from print advertising as readers turned to the Internet. The company has boosted circulation sales by asking online readers to pay for access to its news articles. The strength of our balance sheet justified the restoration of a dividend, Chief Executive Officer Mark Thompson said in the statement. Given the expectation of continued volatility in advertising revenue and the fact that our growth strategy is at an early stage of development, we will maintain a prudent view of both the balance sheet and free cash flow . The dividend will be paid to shareholders of record as of Oct. 9, the company said. Times Co. gained less than 1 percent to $11.54 yesterday in New York before the dividend was announced. To contact the reporter on this story: Edmund Lee in New York at elee310@bloomberg.net To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net New York Times Brings Back Dividend Following Five-Year Hiatus Scott Eells/Bloomberg Times Co.

By 2012, 21.2% were living below the poverty line, defined as total annual income of $23,283 for a family of four. When the surrounding suburbs are included, 14.8% live below the poverty line. But there also is good news in the new numbers. More New Yorkers have health insurance, an increase largely explained by more baby boomers becoming eligible for Medicare. In the metro area, 12.8% lacked insurance last year, a drop from 13.2% in 2011. Other data is very eclectic. For example, there were 4,275 females between the ages of 15 and 19 in the five boroughs who gave birth last year. Of those, 91% were unmarried. There were 972,920 people employed in education, health care and social services in the city and just 5,320 employed in agriculture, forestry, fishing and hunting. The median household income in the entire metro area was $63,982 in 2012, nearly the same as 2011. Median household income in the U.S. was $53,607. In 2012, the median value for an owner-occupied home in the metro area was $400,000, a decline from $410,300 in 2011. Across all metro areas, that figure was $188,300. The median gross rent (rent plus utilities) was $1,209.

Annual American Community Survey shows New York City has the largest gap of income inequality in United States

Some people even paid line-sitters by the hour to grab an early spot. Why the fuss? For the first time, Apple ( AAPL , Fortune 500 ) is offering two new iPhones: the flagship 5S and the cheaper, plastic iPhone 5C. The iPhone 5S is similar in appearance to last year’s iPhone 5. The new device is faster than its predecessor, however, and it features hardware upgrades like a beefed-up camera and a processor that measures motion data. The iPhone 5C comes in several different colors. Related: YouTube videos of lines at Apple Stores around the world The flagship iPhone 5S wasn’t available for pre-order. That annoyed Lance Smith, a fan who was one of the first 100 in line in Atlanta’s Lenox Square shopping mall. “That’s the only reason I’m in line, so I can get it on day one,” he said. “They definitely screwed it up for a few of us by not preselling the 5S.” Others brushed off that inconvenience, focusing instead on the new features. Ana Ramirez, who began waiting on line in New York at 4 a.m., said she was excited to try out the new Touch ID fingerprint sensor on the 5S.